The Financial Intelligence Agency held a consultative meeting with representatives of the Albanian Association of Banks as part of the process of harmonizing Albania’s legal framework with European Union legislation in the field of anti-money laundering and counter-terrorist financing. The meeting focused on strengthening dialogue and cooperation with the banking sector, a key partner in the effective implementation of national and European standards in this area.

During the meeting, participants discussed the new draft law “On the Prevention of Money Laundering and Terrorist Financing,” prepared within the framework of Chapter 4 “Free Movement of Capital,” Section 4.3 “Fight against Money Laundering and Terrorist Financing.” The draft law, which has been published for public consultation, aims to fully align Albanian legislation with the European Union’s 6th Anti-Money Laundering Package, including measures related to combating money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction.

The consultation served as a platform for the exchange of views and expertise between the public sector and representatives of the private sector, with the objective of addressing practical implementation challenges and identifying opportunities to further improve the legal framework. The involvement of the banking sector in this process is intended to ensure that the new provisions are effective, practical, and fully in line with European best practices.

The Financial Intelligence Agency highly values the continued contribution of the banking sector, and the private sector more broadly, to strengthening the national anti-money laundering and counter-terrorist financing system. Close cooperation between public authorities and financial institutions remains a key element in the effective identification and management of risks, the enhancement of transparency, and the implementation of the highest national and international standards. In this regard, the professional input and expertise of the private sector are considered essential for the development and implementation of an effective and practical legal framework.

The Financial Intelligence Agency reaffirmed its commitment to continuing consultations with the private sector, with the aim of establishing an effective legal framework fully aligned with European Union standards.